Business news

Online marketplace Etsy valued at $3.88bn in IPO debut

Shares of Etsy, an online marketplace for handmade goods and craft supplies, more than doubled in their debut on 16 April, valuing the company at about $3.88bn (£2.59bn).

Apr 17, 2015

India's First Maruti 800 Car Lying Unused for Over 1 Year

Indira Gandhi had handed over the keys of India's first Maruti 800 car to Harpal Singh.

Apr 17, 2015

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EU: Googles ‘favourable treatment over its shopping services’ hurts competitors

The European Union Competition Commissioner accused Google on 16 April of cheating consumers and competitors by distorting Web search results to favour its own shopping service, after a five-year investigation that could change the rules for business online.

Apr 16, 2015

Mukesh Ambani, Chairman and Managing Director Of Reliance Industries Ltd.

Reliance Industries Q4 Profit Likely to Reach Record High on Higher Refinery Margins

The Mukesh Ambani-controlled RIL is estimated to post a net profit of 5% for the last quarter of fiscal year 2014-15, on the back of improved gross refining margins

Apr 16, 2015

Microsoft CEO Satya Nadella speaks during a Microsoft cloud briefing event in San Francisco

Microsoft's Satya Nadella Top Paid CEO in US, Says Report

Indian-origin Satya Nadella, who heads Microsoft Corporation, is the top paid CEO in the US, with a pay of $84.3 million (Rs 525 crore) a year, according to Equilar.

Apr 16, 2015

Former US Employee of TCS Files Lawsuit Against the Company 'Favouring South Asians' in Hiring

Steven Heldt, ex-TCS employee, who filed the lawsuit, alleged that a "substantial anti-American sentiment" prevailing in the company led to his termination.

Apr 16, 2015

Falling US Oil Production Lifts Crude Oil Prices

Crude oil prices continue to recover from the lows hit in March, supported by a fall in US oil production.

Apr 15, 2015

Indian Stocks to Take Backseat to Chinese Equities

Chinese stocks are currently trading at seven-year highs on the expectations that monetary authorities will roll out more stimulus measures to boost economic growth in the country.

Apr 15, 2015

Nokia to Buy Alcatel-Lucent in $16.6 Billion Takeover

The combined company will have about 114,000 employees and combined sales of around 26 billion euros.

Apr 15, 2015

Markets Keen to Know Dollar Impact on TCS Q4 Results

TCS, India's largest IT firm, already said that its margins would be down 40 basis points in January-March quarter due to currency fluctuations

Apr 15, 2015

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Money Talks: Shells bumper BG deal could start wave of oil and gas takeovers

Has a rush to buy up oil and gas companies just started?

Apr 14, 2015

Motorola Moto E (2 Gen) 4G-LTE Pre-Order Service Goes Live on Flipkart; Price, Specifications

India Not among Top 30 Global E-Commerce Markets

India fails to make it to the list of top 30 markets for e-commerce.

Apr 14, 2015

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Ricci perfumes heiress found guilty in HSBC tax fraud case

A Paris court found the heiress of the Nina Ricci perfume and fashion business guilty of tax fraud on 13 April, in a high-profile trial prompted by leaked lists of people who used the services of HSBC bank in Switzerland.

Apr 14, 2015

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Japanese bank starts using pint-sized robot as bank teller

One of Japans megabanks Bank of Tokyo-Mitsubishi showcased a robot bank teller on 13 April at its downtown Tokyo branch in the hope that the multilingual robot will help foreign customers during the Tokyo Olympics in 2020.

Apr 13, 2015

Current Optimism in Crude Oil Prices is Exaggerated, say Analysts

We believe the optimism among investors vis-à-vis oil is exaggerated, says Commerzbank.

Apr 13, 2015

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